BENTLEY SYSTEMS INC-CLASS B (BSY) Stock Fundamental Analysis
USA - NASDAQ:BSY - US08265T2087 - Common Stock
41.735 USD
-0.11 (-0.25%)
BSY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 281 industry peers in the Software industry. BSY scores excellent on profitability, but there are concerns on its financial health. BSY has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
BSY had positive earnings in the past year.
In the past year BSY had a positive cash flow from operations.
In the past 5 years BSY has always been profitable.
In the past 5 years BSY always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 7.77%, BSY is in the better half of the industry, outperforming 79.36% of the companies in the same industry.
With an excellent Return On Equity value of 22.53%, BSY belongs to the best of the industry, outperforming 88.97% of the companies in the same industry.
The Return On Invested Capital of BSY (10.86%) is better than 85.05% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BSY is below the industry average of 12.08%.
The 3 year average ROIC (8.00%) for BSY is below the current ROIC(10.86%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 22.53% | ||
| ROIC | 10.86% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
1.3 Margins
BSY's Profit Margin of 18.44% is amongst the best of the industry. BSY outperforms 81.49% of its industry peers.
In the last couple of years the Profit Margin of BSY has grown nicely.
BSY has a Operating Margin of 24.23%. This is amongst the best in the industry. BSY outperforms 89.68% of its industry peers.
BSY's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 81.20%, BSY belongs to the best of the industry, outperforming 85.41% of the companies in the same industry.
In the last couple of years the Gross Margin of BSY has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.23% | ||
| PM (TTM) | 18.44% | ||
| GM | 81.2% |
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BSY is still creating some value.
BSY has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, BSY has more shares outstanding
The debt/assets ratio for BSY has been reduced compared to a year ago.
2.2 Solvency
BSY has an Altman-Z score of 4.00. This indicates that BSY is financially healthy and has little risk of bankruptcy at the moment.
BSY has a Altman-Z score of 4.00. This is in the better half of the industry: BSY outperforms 68.33% of its industry peers.
BSY has a debt to FCF ratio of 2.71. This is a good value and a sign of high solvency as BSY would need 2.71 years to pay back of all of its debts.
BSY has a better Debt to FCF ratio (2.71) than 65.84% of its industry peers.
BSY has a Debt/Equity ratio of 1.04. This is a high value indicating a heavy dependency on external financing.
BSY has a worse Debt to Equity ratio (1.04) than 76.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 2.71 | ||
| Altman-Z | 4 |
ROIC/WACC1.02
WACC10.62%
2.3 Liquidity
BSY has a Current Ratio of 0.61. This is a bad value and indicates that BSY is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.61, BSY is not doing good in the industry: 90.04% of the companies in the same industry are doing better.
BSY has a Quick Ratio of 0.61. This is a bad value and indicates that BSY is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.61, BSY is doing worse than 90.04% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.49% over the past year.
BSY shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.41% yearly.
The Revenue has grown by 11.12% in the past year. This is quite good.
BSY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.93% yearly.
EPS 1Y (TTM)8.49%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.5%
Revenue 1Y (TTM)11.12%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%12.05%
3.2 Future
The Earnings Per Share is expected to grow by 14.99% on average over the next years. This is quite good.
Based on estimates for the next years, BSY will show a quite strong growth in Revenue. The Revenue will grow by 9.16% on average per year.
EPS Next Y13.62%
EPS Next 2Y12.64%
EPS Next 3Y13.4%
EPS Next 5Y14.99%
Revenue Next Year10.02%
Revenue Next 2Y10.2%
Revenue Next 3Y10.27%
Revenue Next 5Y9.16%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 36.29, the valuation of BSY can be described as expensive.
BSY's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 25.56, BSY is valued a bit more expensive.
With a Price/Forward Earnings ratio of 30.74, BSY can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as BSY.
BSY is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 34.62, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.29 | ||
| Fwd PE | 30.74 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BSY is valued a bit cheaper than 69.75% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BSY indicates a somewhat cheap valuation: BSY is cheaper than 72.95% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.54 | ||
| EV/EBITDA | 32.82 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BSY does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of BSY may justify a higher PE ratio.
A more expensive valuation may be justified as BSY's earnings are expected to grow with 13.40% in the coming years.
PEG (NY)2.67
PEG (5Y)2.92
EPS Next 2Y12.64%
EPS Next 3Y13.4%
5. Dividend
5.1 Amount
BSY has a yearly dividend return of 0.65%, which is pretty low.
In the last 3 months the price of BSY has falen by -23.44%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
Compared to an average industry Dividend Yield of 42.44, BSY pays a better dividend. On top of this BSY pays more dividend than 89.32% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, BSY's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.65% |
5.2 History
BSY has been paying a dividend for over 5 years, so it has already some track record.
BSY has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years4
5.3 Sustainability
BSY pays out 30.41% of its income as dividend. This is a sustainable payout ratio.
DP30.41%
EPS Next 2Y12.64%
EPS Next 3Y13.4%
NASDAQ:BSY (11/18/2025, 11:28:36 AM)
41.735
-0.11 (-0.25%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners45.02%
Inst Owner Change4.06%
Ins Owners40.36%
Ins Owner Change-3.12%
Market Cap12.67B
Revenue(TTM)1.46B
Net Income(TTM)269.25M
Analysts77
Price Target60.38 (44.67%)
Short Float %5.98%
Short Ratio4.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.65% |
Yearly Dividend0.24
Dividend Growth(5Y)N/A
DP30.41%
Div Incr Years2
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.45%
Min EPS beat(2)-2.54%
Max EPS beat(2)11.45%
EPS beat(4)2
Avg EPS beat(4)4.67%
Min EPS beat(4)-4.04%
Max EPS beat(4)13.82%
EPS beat(8)5
Avg EPS beat(8)9.68%
EPS beat(12)9
Avg EPS beat(12)11.56%
EPS beat(16)13
Avg EPS beat(16)13.89%
Revenue beat(2)1
Avg Revenue beat(2)-0.11%
Min Revenue beat(2)-0.85%
Max Revenue beat(2)0.63%
Revenue beat(4)2
Avg Revenue beat(4)-0.34%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)0.63%
Revenue beat(8)3
Avg Revenue beat(8)-0.85%
Revenue beat(12)6
Avg Revenue beat(12)-0.02%
Revenue beat(16)8
Avg Revenue beat(16)0.08%
PT rev (1m)-0.31%
PT rev (3m)7.87%
EPS NQ rev (1m)-1.21%
EPS NQ rev (3m)-1.64%
EPS NY rev (1m)-0.11%
EPS NY rev (3m)1.98%
Revenue NQ rev (1m)-2.91%
Revenue NQ rev (3m)-3.36%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.29 | ||
| Fwd PE | 30.74 | ||
| P/S | 8.68 | ||
| P/FCF | 27.54 | ||
| P/OCF | 26.48 | ||
| P/B | 10.6 | ||
| P/tB | N/A | ||
| EV/EBITDA | 32.82 |
EPS(TTM)1.15
EY2.76%
EPS(NY)1.36
Fwd EY3.25%
FCF(TTM)1.52
FCFY3.63%
OCF(TTM)1.58
OCFY3.78%
SpS4.81
BVpS3.94
TBVpS-4.6
PEG (NY)2.67
PEG (5Y)2.92
Graham Number10.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 22.53% | ||
| ROCE | 13.59% | ||
| ROIC | 10.86% | ||
| ROICexc | 11.6% | ||
| ROICexgc | N/A | ||
| OM | 24.23% | ||
| PM (TTM) | 18.44% | ||
| GM | 81.2% | ||
| FCFM | 31.52% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
ROICexc(3y)8.22%
ROICexc(5y)11.91%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10%
ROCE(5y)13.18%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y4.29%
ROICexc growth 5Y-15.93%
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
F-Score8
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 2.71 | ||
| Debt/EBITDA | 2.97 | ||
| Cap/Depr | 27.71% | ||
| Cap/Sales | 1.26% | ||
| Interest Coverage | 32.41 | ||
| Cash Conversion | 113.9% | ||
| Profit Quality | 170.89% | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 4 |
F-Score8
WACC10.62%
ROIC/WACC1.02
Cap/Depr(3y)27.47%
Cap/Depr(5y)32.2%
Cap/Sales(3y)1.59%
Cap/Sales(5y)1.72%
Profit Quality(3y)148.6%
Profit Quality(5y)185.51%
High Growth Momentum
Growth
EPS 1Y (TTM)8.49%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.5%
EPS Next Y13.62%
EPS Next 2Y12.64%
EPS Next 3Y13.4%
EPS Next 5Y14.99%
Revenue 1Y (TTM)11.12%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%12.05%
Revenue Next Year10.02%
Revenue Next 2Y10.2%
Revenue Next 3Y10.27%
Revenue Next 5Y9.16%
EBIT growth 1Y22.88%
EBIT growth 3Y18.11%
EBIT growth 5Y17.09%
EBIT Next Year15.98%
EBIT Next 3Y15.8%
EBIT Next 5Y10.9%
FCF growth 1Y34.82%
FCF growth 3Y15.91%
FCF growth 5Y22.26%
OCF growth 1Y30.85%
OCF growth 3Y14.76%
OCF growth 5Y20.58%
BENTLEY SYSTEMS INC-CLASS B / BSY FAQ
Can you provide the ChartMill fundamental rating for BENTLEY SYSTEMS INC-CLASS B?
ChartMill assigns a fundamental rating of 5 / 10 to BSY.
What is the valuation status of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
ChartMill assigns a valuation rating of 4 / 10 to BENTLEY SYSTEMS INC-CLASS B (BSY). This can be considered as Fairly Valued.
Can you provide the profitability details for BENTLEY SYSTEMS INC-CLASS B?
BENTLEY SYSTEMS INC-CLASS B (BSY) has a profitability rating of 8 / 10.
What is the earnings growth outlook for BENTLEY SYSTEMS INC-CLASS B?
The Earnings per Share (EPS) of BENTLEY SYSTEMS INC-CLASS B (BSY) is expected to grow by 13.62% in the next year.
How sustainable is the dividend of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
The dividend rating of BENTLEY SYSTEMS INC-CLASS B (BSY) is 4 / 10 and the dividend payout ratio is 30.41%.